Franklin Templeton Launches Innovative Bitcoin and Ethereum ETF

Franklin Templeton, a prominent global investment management firm, has announced the launch of an innovative exchange-traded fund (ETF) that simultaneously holds spot Bitcoin and Ethereum. The Franklin Crypto Index ETF (EZPZ) is the second cryptocurrency index ETF to enter the U.S. market, following the earlier launch of the Nasdaq Crypto Index US ETF (NCIQ) by asset management firm Hashdex.

The EZPZ fund holds a diversified basket of assets referencing the CF Institutional Digital Asset Index in the United States. As of February 20th, this index tracks only Bitcoin and Ethereum. According to CF Benchmarks data, as of February 20th, the market-weighted index's asset composition is approximately 87% BTC and 13% ETH.

Franklin Templeton has plans to expand the EZPZ fund's holdings to include more cryptocurrencies in the future. This expansion will ultimately provide U.S. investors with a comprehensive and diversified cryptocurrency investment portfolio.

The launch of the Franklin Crypto Index ETF is a significant development in the cryptocurrency market, as it offers investors an opportunity to gain exposure to two of the world's most popular cryptocurrencies through a single, easily-traded fund. This move is also a testament to the growing acceptance and recognition of cryptocurrencies as a legitimate asset class by mainstream financial institutions.